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DOJ clears Gannett/Journal Media deal


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DOJ clears Gannett/Journal Media deal

The U.S. Department of Justice closed its investigation of 's proposed of and terminatedthe waiting period.

The two publishing companies expect to close the transactionafter the New York Stock Exchange closes April 8.

Gannett in October 2015 signed an agreement to acquire Journal Media for about $280 million,net of acquired cash. Journal Media Group shareholders, who approved the transaction in a March 1 special meeting, willreceive $12.00 per share in cash.